Malaysian-based supplier RGB International has reported profit growth of 515 percent yearly, to RM42 million ($9 million), for the quarter ended June 30th, 2023.
In its 2Q23 results announcement, RGB outlined the improved performance, with its consolidated revenues rising by 563 percent year-on-year to RM334 million ($72 million).
The Sales and Marketing segment revenues jumped almost 10 times, to RM304 million ($65.5 million), with profit up 874 percent to RM30.5 million (US$26.6 million), mainly due to an increase in number of products sold.
The revenue for the Technical Support and Management (TSM) division increased by 36 percent, at RM29.1 million ($6.3 million), due to better performance and an increase in operating capacity in most of the outlets.
Regarding Engineering Services, RGB reported that its revenue rose by 27 percent, to RM694,000 ($150,000).
Hong Kong-listed International Entertainment, a gaming and hotel operator in the Philippines, announced in May that it is purchasing a further 382 slot machines from RGB for some $5.73 million, to be placed in its New Coast Hotel Manila property.